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Wealthy traders are betting millions on a 25 bps Fed rate cut
Yahoo Finance· 2025-10-29 04:17
The Federal Open Market Committee (FOMC), the policy-making arm of the U.S. Federal Reserve, will convene for its next meeting on Oct. 28 and wrap up on Oct. 29. The gathering is drawing close attention from global investors, economists, and central banks for potential rate cuts. Ahead of the meeting, decentralized prediction platform Polymarket traders are betting a 98% chance that the Federal Reserve will lower its benchmark interest rate by 25 basis points during the meeting. Source: Polymarket, Fed d ...